Od intetest deduction
This query is : Resolved
CA Tanay Jindal
(Querist)
29 January 2014
what if a salaried person owns a
O.D account and the salary is deposited in that account then can he take the deduction of interest given on O.D account..??
AVTAR SINGH
(Expert)
29 January 2014
No. Deduction of interest paid is not allowable from salary income.
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